TMCnet News
Cequel Data Centers Purchases TierPointMay 25, 2012 (Close-Up Media via COMTEX) -- Cequel Data Centers - a portfolio company of Thompson Street Capital Partners, Charterhouse Group, and Cequel III - announced the acquisition of TierPoint, a regional provider of colocation, managed IT and cloud computing services in the Pacific Northwest. According to a release, TierPoint operates three data centers in the greater Spokane, Wash., area, representing nearly 30,000 combined square feet of raised-floor, data-center space and almost 4.4 megawatts of total facility power. With its prior acquisitions - including facilities in Dallas, Oklahoma City, and Tulsa, Okla. - Cequel Data Centers now owns and operates more than 100,000 square feet of raised-floor, data-center space. "Situated in one of the safest areas of the United States, with relatively low power costs and high fiber connectivity, the TierPoint acquisition provides us with geographic diversity and fits well with our overall strategy of acquiring data centers in key markets that position us to respond to the growing demand for colocation, managed I.T. and cloud computing services," said Paul Estes, President and Chief Executive Officer of Cequel Data Centers. "The TierPoint team has a strong reputation and influential customer base, and they've demonstrated their ability to sell into larger markets, with the majority of their revenue now generated by customers outside the Spokane area." RBC Capital Markets acted as financial advisor to the sellers and was the sole lead arranger and sole bookrunner for the debt financing associated with this acquisition. Goldman Sachs, CapitalSource Bank, US Bank, ING, and CoBank also participated in the credit facility. Financial terms were not disclosed. ((Comments on this story may be sent to [email protected])) |